Petroleum - A Rapidly Declining Future
It is now common knowledge that the worlds petroleum reserves and oil production have reached a critical point. Not only are we slowly running out of oil, but also other exploding economies have created an even larger drain on the worlds remaining reserves, seriously accelerating the problem.
World oil supplies are all but certain to remain tight through the rest of this decade, unless there is a precipitous drop in demand, according to the results of a study by the London-based Oil Depletion Analysis Center (ODAC).
"The study found that all of the major new oil-recovery projects scheduled to come on stream over the next six years are unlikely to boost supplies enough to meet the worlds growing needs."
This being the case, it is just plain common sense that the time has come to use coal, one of our most abundant natural resources to replace the current petroleum based fuel supply now.
Today in the USA, we are consuming 1 million barrels of petroleum-based fuel per day. That figure is projected to jump to 2.5 million barrels a day by 2010, and progress to 7 million barrels a day by 2025. How will this deand and the increased demand from around the world be filled without a new or replacement source?
The transportation sector; Shipping, Trucking, Rail, Air and Municipal Mass Transit are going to be the hardest hit by the rising costs of petroleum based fuels. This sector will embrace an alternative fuel supply that will give them the benefit of lower cost and cleaner emissions.
Synthetic Fuel: Today’s And Tomorrows Solution For A Serious Problem
The ever-increasing costs of petroleum-based fuel is putting the US and other world economies at risk, consumers as well as businesses are bearing the brunt of these skyrocketing costs.
For world stability, and to keep American businesses competitive, it is imperative that these costs be controlled. The wisest approach based on our extensive research is to quickly adopt the synthetic fuel model.
There are several key points that support this:
- Zero Change Required to Existing Global Infrastructure
Synthetic Fuel will work perfectly as-is, with the existing infrastructure and distribution by truck, rail, and shipping in the US and world today. We do all the work required to keep the fuel compatible with petroleum.
- Readily Available Supply
Since Synthetic Fuel is manufactured from water and coal; one of our nations most abundant natural resources, there will be an abundant supply going forward for generations. The United States is blessed with plentiful domestic resources, including coal. Coal is affordable. Supplies are plentiful. And, the United States possesses 275 billion tons of recoverable coal reserves, or about one-fourth of the world's total. US. coal reserves are equivalent to four times the oil of Saudi Arabia, 1.3 times the oil of OPEC and equal to all the world's proved oil reserves. The largest single increment of energy in the world is America's recoverable reserves of coal, secure within the borders of our country.
- Significantly Lower Costs
Today for example, 61% of the cost of Diesel fuel at the pump is attributed to the cost of crude oil and refining. Due to the methodology of our manufacturing process, we project that Synthetic Fuel can be produced and sold today for approximately 30% less than Petroleum-based Crude initially, and that with the economies of scale over time, the cost will be reduced even more.
- Earth Friendly
Synthetic Fuel does not contain carcinogens, heavy metals or aromatic pollutants, as does petroleum. This means that it will be significantly better for our environment than petroleum based fuels. It is not a perfect fuel in terms of zero impact on the environment, but is a much better total solution than what is available today and what is being currently proposed as future alternatives (Hydrogen) given its compatibility with our current fleet of vehicles and fuel distribution system.
But, What About the Hydrogen Economy?
President Bush's Hydrogen Fuel Initiative, announced on January 28, 2003, envisions the transformation of the nation's transportation fleet from a near-total reliance on petroleum to steadily increasing use of clean-burning hydrogen.
While this is a noble cause, its not based on practical reality. The trouble with this plan is that it ignores the cost of the deep infrastructure changes that would need to take place in order to reap the rewards of using hydrogen for the nations transportation fleet. This includes everything from the production and transportation of hydrogen, to the vehicles, service stations, fueling stations and countless other details that would have to fall into place to bring this vision to fruition.
Synthetic Fuel is a better solution that does not require changes to the infrastructure, and is a marketable product today!
Synthetic Fuel Production - The Oil Fields of the Future
We will produce a continuous supply of super clean fuel for our nations needs using established synthetic fuel technologies today, and our patent pending process improvements in the future. We will license this technology to production facilities geographically so we can take advantage of the many abundant coal reserves.